India · Delayed Price · Currency is INR Multi Commodity Exchange of India Earnings Call Transcripts
Fiscal Year 2026
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Revenue more than doubled to INR 2,302 crores and profit after tax exceeded INR 1,300 crores, driven by strong growth in bullion and energy segments. Management expects continued momentum, with a focus on innovation, efficiency, and expanding product offerings.
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Q3 FY26 saw revenue surge 121% year-on-year to INR 666 crore, with strong growth in bullion and base metals driving record turnover and profitability. Ongoing technology investments and product innovation support continued expansion, while risk and regulatory frameworks remain robust.
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Q2 FY26 saw 29% revenue growth and 32% EBITDA growth year-over-year, driven by strong ADT and new product launches. Technology upgrades and product expansion continue, with increased domestic participation and ongoing regulatory review after a technical glitch.
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FY 2024-25 saw 59% income growth and record ADT, with strong gains in both futures and options. MCX maintained global leadership in commodity options, expanded its client base, and is poised for new product launches pending regulatory approval.
Fiscal Year 2025
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FY24-25 saw 59% income growth and record volumes, with MCX recognized as the world's largest commodity options exchange. Strong expansion in client base, robust options growth, and new product launches are expected, though future launches depend on regulatory approvals.
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Q3 FY25 saw a 57% YoY revenue increase and a sharp rise in PAT, driven by robust growth in options and futures turnover, record client participation, and new product launches. Management expects continued momentum, with a focus on product innovation and expanding the client base.
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Q2 FY25 saw PAT rise 39% sequentially to INR 153.62 crore and operational revenue up 73% year-over-year, driven by strong growth in options trading and client participation. New product launches and a streamlined fee structure support future growth, while surplus cash is earmarked for technology and business expansion.
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Q1 FY25 saw a 27% sequential income rise, robust volume growth, and a 98% market share. New product launches and regulatory changes are underway, with continued strong client participation and proactive risk management through regular SGF contributions.